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On the Road Again, Inc. maintains a large fleet of rental cars. They want their fleet to have an average of at least 25 mpg.
On the Road Again, Inc. maintains a large fleet of rental cars. They want their fleet to have an average of at least 25 mpg. They will determine this based on an appropriate 1-sided hypothesis test with a = 0.05. They sample 49 cars at random and find a sample mean of 25.88 mpg with a sample standard deviation of 2.90 mpg. Compute by hand the appropriate test statistic and give the conclusion of the test. (Use Minitab to get p-value.)
Please provide an explanation after each step showing reasoning for actions taken.
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